#AceFinanceReport – Mar.16: As the first federal budget is announce there’s ‘ Winners and Losers ‘ and since Obama’s departure Donald Trumps main objective has been ramping up two major areas requiring funding: Namely Defence and Jobs, so these immediately become his winners … And the losers are Environment and Aid .. Well he can’t keep the ‘ Bubbling Crude ‘ flowing with all that red tape and the aid budget has been abused by so many do-gooders for too long.
So here is how the figures and cuts stack up to mull over followed by a great report with link on more at bottom of this post from Reuters – #AceNewsDesk reports
16:45: Trump’s Budget to Fund Treasury for Enforcing Tax Laws, Boosting Cybersecurity – Mnuchin
16:40: Trump Homeland Security Budget Allocates $1.5-Billion for Cyber Security – White House
16:06: Trump Budget Includes 31% Environmental Protection Agency Funding Cut – White House
15:39: White House Asks US Congress for $1.1-Billion for #Gitmo Support, Operations in Afghanistan
15:26: Trump Asks Congress for $1.4-Billion to Finance Counter-Islamic State Campaign – White House
15:12: Trump Budget Request Includes $11-Million to Establish Real-Time Immigration Data System
15:07: Trump Requests $24.9-Billion to Address Urgent Warfighting Needs – White House
14:55: Trump Budget Seeks Additional $3-Billion for Homeland Security Border Protection and Mexico Wall
13:20: White House Budget Draft Includes $37.6-Billion for State Department – Statement
12:03: US Confirms Plan to Reduce UN Funding, Says to Cover Up to 25% of UN Peacekeeping Costs at Most – 2018 Budget Blueprint
President Donald Trump will ask the U.S. Congress for dramatic cuts to many federal programs as he seeks to bulk up defence spending, start building a wall on the border with Mexico and spend more money deporting illegal immigrants.
In a federal budget proposal with many losers, the Environmental Protection Agency and State Department stand out as targets for the biggest spending reductions. Funding would disappear altogether for 19 independent bodies that count on federal money for public broadcasting, the arts and regional issues from Alaska to Appalachia.
Trump’s budget outline is a bare-bones plan covering just “discretionary” spending for the 2018 fiscal year starting on Oct. 1. It is the first volley in what is expected to be an intense battle over spending in coming months in Congress, which holds the federal purse strings and seldom approves presidents’ budget plans.
Congress, controlled by Trump’s fellow Republicans, may reject some or many of his proposed cuts. Some of the proposed changes, which Democrats will broadly oppose, have been targeted for decades by conservative Republicans.
Moderate Republicans have already expressed unease with potential cuts to popular domestic programs such as home-heating subsidies, clean-water projects and job training.
Trump is willing to discuss priorities, said White House budget director Mick Mulvaney, a former South Carolina congressman who made a name for himself as a spending hawk before Trump plucked him for his Cabinet.
“The president wants to spend more money on defence, more money securing the border, more money enforcing the laws, and more money on school choice, without adding to the deficit,” Mulvaney told a small group of reporters during a preview on Wednesday.
“If they have a different way to accomplish that, we are more than interested in talking to them,” Mulvaney said.
Trump wants to spend $54 billion more on defence, put a down payment on his border wall, and breathe life into a few other campaign promises. His initial budget outline does not incorporate his promise to pour $1 trillion into roads, bridges, airports and other infrastructure projects. The White House has said the infrastructure plan is still to come.
The defence increases are matched by cuts to other programs so as to not increase the $488 billion federal deficit. Mulvaney acknowledged the proposal would likely result in significant cuts to the federal workforce.
“You can’t drain the swamp and leave all the people in it,” Mulvaney said.
White House officials looked at Trump’s campaign speeches and “America First” pledges as they crunched the numbers, Mulvaney said.
“We turned those policies into numbers,” he said, explaining how the document mirrored pledges to spend more on the U.S. nuclear weapons arsenal, veterans’ health care, the FBI, and Justice Department efforts to fight drug dealers and violent crime.
The Department of Homeland Security would get a 6.8 percent increase, with more money for extra staff needed to catch, detain and deport illegal immigrants.
Trump wants Congress to shell out $1.5 billion for the border wall with Mexico in the current fiscal year – enough for pilot projects to determine the best way to build it – and a further $2.6 billion in fiscal 2018, Mulvaney said.
The estimate of the full cost of the wall will be included in the full budget, expected in mid-May, which will project spending and revenues over 10 years.
Trump has vowed Mexico will pay for the border wall, which the Mexican government has flatly said it will not do. The White House has said recently that funding would be kick-started in the United States.
The voluminous budget document will include economic forecasts and Trump’s views on “mandatory entitlements” – big-ticket programs like Social Security and Medicare, which Trump vowed to protect on the campaign trail.
Trump asked Congress to slash the EPA by $2.6 billion or more than 31 percent, and the State Department by more than 28 percent or $10.9 billion.
Mulvaney said the “core functions” of those agencies would be preserved. Hit hard would be foreign aid, grants to multilateral development agencies like the World Bank and climate change programs at the United Nations.
Trump wants to get rid of more than 50 EPA programs, end funding for former Democratic President Barack Obama’s signature Clean Power Plan aimed at reducing carbon dioxide emissions, and cut renewable energy research programs at the Energy Department.
Regional programs to clean up the Great Lakes and Chesapeake Bay would be sent to the chopping block.
Community development grants at the Housing Department – around since 1974 – were cut in Trump’s budget, along with more than 20 Education Department programs, including some funding programme for before- and after- school programs.
Anti-poverty grants and a programme that helps poor people pay their energy bills would be slashed, as well as a Labour Department programme that helps low-income seniors find work.
Trump’s rural base did not escape cuts. The White House proposed a 21 percent reduction to the Agriculture Department, cutting loans and grants for wastewater, reducing staff in county offices and ending a popular programme that helps U.S. farmers donate crops for overseas food aid.
For graphic on winners and losers in Trump’s budget click here
(Additional reporting by Richard Cowan; Editing by Peter Cooney)
EDITOR NOTES: Thanks for following as always appreciate every like, reblog or retweet also our newspaper is added with all our posts daily below: Private Messages to https://t.me/acechatnews
Need PC Help or Advice on Security or Protecting Yourself Online Visit: AcePCHelp.WordPress.Com and leave a message.
Ace Share News